"I've been positively surprised at the strength of the U.S. economy in the face of consistent interest raises, which are indeed the right policy," says Rick Rule, founder and CEO of Rule Investment Media. "They need to raise interest rates again, and most likely by 25 basis points," he tells Daniela Cambone. "The economic response often lags, and it's possible we haven't felt the full punch of these interest-rate rises," Rule warns. He projects that there will not be no soft landing once this downturn ends, "but a crash may be too strong a word... I've never seen a soft landing occur in 50 years however." Rule states. And he believes, "there's currently a worldwide push to look for a bilateral means of exchange outside of the U.S. dollar, and that is gold, beyond the BRICS nations." "I believe the dollar will continue to be the primary means of exchange... U.S. treasuries are the deepest and most liquid market in the world," he concludes. Video by Stansberry Research's Daniela Cambone.
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